Restrictions to prevent competition by a former employee are held valid when they are reasonable and necessary to protect the interests of the employer. For example, a provision in an employment contract which prohibited an employee for two years from calling on any customer of the employer called on by the employee during the last six months of employment would generally be valid. Courts will closely examine covenants not to compete signed by individuals in order to make sure that they are not unreasonable as to time or geographical area. For example, suppose a company only operated within a certain city, and the covenant not to compete provided that an employee of the company could not solicit business in the city or within 100 miles of the city if he ever left the employ of the company. Such an agreement would be unreasonable as to its geographical area. The company had no need to be protected regarding such a large geographical area.
A trade secret is a process, method, plan, formula or other information unique to a manufacturer, which has value due to the market advantage over competitors it produces. Use or disclosure of a trade secret by an employee, former employee, or anyone else may be prohibited by a court-ordered injunction. The owner of a trade secret may seek damages against such a person for revealing the secret. Also, when trade secrets are involved in a lawsuit, a "protective order" may be requested from the judge to prohibit revelation of a trade secret or a sealing of the record in the case where references to the trade secret are made. A trade secret is separate from and covered under different law from a patentable invention. Trade secrets include, among others, business assets such as financial data, customer lists, marketing strategies, and information and processes not known to the general public.
Tarrant Texas Employment Agreement with Sales and Business Development Manager: An Employment Agreement is a legally binding document that outlines the terms and conditions of employment between an employer and an employee. In the context of Tarrant, Texas, this agreement specifically caters to Sales and Business Development Managers in various businesses operating within the region. Key terms within a Tarrant Texas Employment Agreement with Sales and Business Development Manager include: 1. Job Title and Position: The agreement clearly identifies the position as Sales and Business Development Manager, specifying the duties, responsibilities, and reporting structure within the organization. 2. Compensation and Benefits: This section covers the manager's salary, any additional bonuses or commissions, health insurance, retirement plans, vacation and sick leaves, and other perks that may be offered. 3. Non-Disclosure and Non-Compete clauses: To protect the employer's intellectual property, trade secrets, and client relationships, this clause restricts the manager from disclosing confidential information during or after employment and prevents them from joining competitor organizations during or after their tenure. 4. Term of Employment: This denotes the duration of employment, whether it is an indefinite term or a fixed-term contract with a specified start and end date. It may also address probationary periods and conditions for termination. 5. Performance expectations: This section outlines the expected targets, goals, and key performance indicators that the manager is accountable for achieving. It may include sales targets, revenue growth goals, and other measurable objectives. 6. Intellectual Property: This clause specifies that any work, inventions, or creations developed by the manager during their employment shall be owned by the employer, protecting the business's proprietary rights. 7. Termination and Severance: It delineates the conditions under which either party can terminate the agreement and the notice period required. Additionally, it may address severance packages, including compensation or benefits to be provided post-termination. Different types of Tarrant Texas Employment Agreements with Sales and Business Development Managers can include variations such as fixed-term contracts for project-based roles, part-time or full-time employment agreements, commission-based structures, and different compensation structures based on experience or performance. By implementing a comprehensive Tarrant Texas Employment Agreement with Sales and Business Development Managers, businesses can establish clear expectations, protect their intellectual property, promote a fair compensation structure, and ensure compliance with legal regulations.Tarrant Texas Employment Agreement with Sales and Business Development Manager: An Employment Agreement is a legally binding document that outlines the terms and conditions of employment between an employer and an employee. In the context of Tarrant, Texas, this agreement specifically caters to Sales and Business Development Managers in various businesses operating within the region. Key terms within a Tarrant Texas Employment Agreement with Sales and Business Development Manager include: 1. Job Title and Position: The agreement clearly identifies the position as Sales and Business Development Manager, specifying the duties, responsibilities, and reporting structure within the organization. 2. Compensation and Benefits: This section covers the manager's salary, any additional bonuses or commissions, health insurance, retirement plans, vacation and sick leaves, and other perks that may be offered. 3. Non-Disclosure and Non-Compete clauses: To protect the employer's intellectual property, trade secrets, and client relationships, this clause restricts the manager from disclosing confidential information during or after employment and prevents them from joining competitor organizations during or after their tenure. 4. Term of Employment: This denotes the duration of employment, whether it is an indefinite term or a fixed-term contract with a specified start and end date. It may also address probationary periods and conditions for termination. 5. Performance expectations: This section outlines the expected targets, goals, and key performance indicators that the manager is accountable for achieving. It may include sales targets, revenue growth goals, and other measurable objectives. 6. Intellectual Property: This clause specifies that any work, inventions, or creations developed by the manager during their employment shall be owned by the employer, protecting the business's proprietary rights. 7. Termination and Severance: It delineates the conditions under which either party can terminate the agreement and the notice period required. Additionally, it may address severance packages, including compensation or benefits to be provided post-termination. Different types of Tarrant Texas Employment Agreements with Sales and Business Development Managers can include variations such as fixed-term contracts for project-based roles, part-time or full-time employment agreements, commission-based structures, and different compensation structures based on experience or performance. By implementing a comprehensive Tarrant Texas Employment Agreement with Sales and Business Development Managers, businesses can establish clear expectations, protect their intellectual property, promote a fair compensation structure, and ensure compliance with legal regulations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
